I believe if people make money and there is sufficient housing supply, housing will become affordable. 

@Max Bellino For smaller properties like your 2–4 unit multifamily buildings, an online cost segregation study is a quicker and more cost-effective option, providing sufficient accuracy for straightforward properties.

Incurring debt before you have sufficient earnings to support that debt.

I was a terrible negotiator, but I figured, anything under or at asking would be sufficient.

I was a terrible negotiator, but I figured, anything under or at asking would be sufficient.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?

Yes two of the three are mid term and one is long term.

But the places we all encounter that could only have a wheelchair ramp put in that intrudes into the public sidewalk (which neither the landlord nor the tenant owns, and now the sidewalk may not be sufficiently wide or accessible for a wheelchair), or that would require tearing down the storefront's façade (envision a storefront right up against the sidewalk), are grandfathered in. 

Along with not having sufficient funds to operate their real estate they fail to consider what happens when the property must be refinanced.

If you are not building in sufficient capex, then these costs could be higher, if not much higher.